Superconducting and mechanical performance and the strain effect, the influence of mechanical strain on the critical current (I-c), are investigated for a commercially available MgB2 multifilamentary tape. The conductor was made through the ex situ route and has 14 filaments in nickel matrix with copper stabilizer. I-c was measured as a function of magnetic field (B) at 4.2, 15, 20, and 25 K and we determined the irreversibility fields (B-irr) using I-c-B curves at each temperature. I-c, measured as a function of field angle at 4.2 K and 4 T, shows an anisotropic behaviour. We also measured I-c as a function of temperature in 0-5 T. The stress-strain relation was tested at 296 and 113 K. The strain effect was examined in magnetic fields at 4.2, 15, and 20 K using a U-shape rig made of stainless steel (SUS304). The I-c-strain relation is linear and reversible in the window of external strain between -0.5% (compression) and 0.5% (tension). With increasing strain, large and irreversible degradation occurs after the maximum of I-c (I-cm) at 0.57% tension. Although d(I-c/I-cm)/d(strain), the slope of the linear Ic-strain relation in the reversible regime, depends on both temperature and magnetic field, the relations between d(Ic/Icm) /d (strain) and B/B-irr fall on a universal line independently of temperature.